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Investment Opportunity, McLean House, Pitreavie Court, Pitreavie Business Park, Dunfermline, KY11 8UU

4,717 Sq Ft / Offices / Investment

Withdrawn - Last updated: 11 January 2023

The  subjects  comprise  a  modern,  detached,  purpose  built  twostorey  office  building  of  steel  frame  construction  with  facing  brick walls and profiled clad walls. The  office  accommodation  provides  a  mixture  of  open  plan  style and  cellular  office  space  allowing  room  for  circa  fifty  members  of staff. There is also a tea preparation room, breakout area and WC facilities.

The  unit  benefits  from  a  large  car  park  with  space  for  up  to  18 vehicles.

Location

Fife  is  a  coastal  area  of Scotland  situated  between  the  Firth  of  Tay and  the  First  of  Forth  with  inland  boundaries  to  Perth  and  Kinross and  Clackmannanshire.  Fife  has  the  largest  Local  Authority  by population  with  a  resident  population  of  just  under  360,000  and  is dominated  by  the  three  principal  towns  of  Dunfermline,  Kirkcaldy and Glenrothes.

Dunfermline  is  situated  in  the  bridge  head  area  of  Fife approximately  15  miles  northwest  of  Edinburgh  with  excellent vehicular communications via the M90 Edinburgh to Perth motorway and also the train link to Edinburgh.

Pitreavie  Business  Park  is  one  of  Fife’s  premier  business  locations, the  subjects  themselves  being  situated  in  an  area  characterised  by office  buildings  where  occupiers  include  the  Bank  of  Scotland, Nationwide, Sky and Evans Easy Space Business Centre.

Accommodation

From measurements taken on site, we calculate the subjects extend as follows:

Floor

Accommodation

Net Area

(sq m)

Net Area

(sq ft)

Ground

Offices

196.31

2,113

 

Reception area

19.48

210

 

Store

3.00

32

First

Offices

212.43

2,287

 

Store

6.99

75

Total

 

438.21

4,717

 

Terms

LEASES

Tenant – FIS

Passing Rent - £XXX per annum

Lease expiry - 23 May 2019

Full Repairing and Insuring lease.

SALE PRICE

Our client is seeking offers in excess of £XXX for the heritable interest in this investment; this would provide the investor with an initial yield of 13.8% assuming purchaser costs of 5.8%.

Specification

  • Approximate Internal Area:  438.21 sq m (4717 sq ft)
  • Modern two storey office building.
  • Parking spaces for up to 18 vehicles.
  • Generating £XXX per annum until 23 rd May 2019.
  • Seeking offers in excess of £XXX showing an initial yield of 13.8%.


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